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NEWS UPDATES Asean Affairs    August  30,  2017  












Bank South Pacific deal with RMA is finalised

Bank South Pacific (BSP), Papua New Guinea’s largest bank, has finalised a deal with RMA Cambodia to launch a new joint venture company to tap into the Kingdom’s asset finance market, foreign media reported the day before yesterday.

The settlement followed an initial agreement between the RMA’s local subsidiary, RMA Finance, and BSP in May of this year.

The new entity, in which BSP has invested nearly $8 million for a 50 percent stake, will be renamed BSP Finance Cambodia Ltd following approval from the central bank, according to a statement made by BSP’s CEO Robin Fleming during a investor presentation the day before yesterday.






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ASEAN  ANALYSIS

This year in Thailand-what next?


AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 


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